I prefer to amortize properties over 15yrs and try to stay less than 70% LTV.

@Paul Timmins thanks for the response, few things:1) thanks for the advice I will check out the REI groups for sure2) I will make sure to search for HUD homes, as I am open to purchasing distressed properties.3) When you say student housing, are you referring to a specific program with the university where you are some type of preferred vendor of some sort, or just renting to kids in general.?  

Personally, I would prefer 90 days because markets are always changing.

Finding something under 200k or less feels more comfortable when starting to me (preferably under 150k to be honest)Thanks 

With that being said, I'd prefer to build a business that can generate a consistent revenue well into the future.

We already provided the developer a punch list of items as part of the contract and they have called our broker to assure us that they have been taken care of. 

You need a plan, preferred strategy and NUMBERS!!!

Come retirement, would you prefer the cash flow from 3 free and clear properties, or 15?

We can shoulder projects from start to end, the question is, what is our assurance that if we perform, we get paid?

Talk to a good real estate attorney in your area, preferably a real estate attorney who has also handled at least some litigation.